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20121128
20121206
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Search Results 0 to 30 of about 31 (some duplicates have been removed)
to help them deal with the effects of climate change. in the coming days, it will be up to environment ministers to thrash out these and other points. >> certain points can only be resolved by the ministers themselves. providing financial support to poorer countries, for example. how much are we willing to do by 2020 to protect the environment? >> scientists say climate change is happening much faster than previously thought. the evidence, such as spermatic pmelting of -- the dramatic melting of sea ice, is mounting. >> the eu is at its strongest when we had all 27 countries on board, supporting the same goal. we need to keep at it. >> officials are now making the final preparations before the ministerial-level talks begin. critics say too much time has been wasted. now the pressure is on for leaders to take a more cooperative approach. in a prince william and his wife, the duchess of cambridge, are expecting a baby. that is, better known as kate middleton. pimm she was admitted to hospital with acute morning sickness -- and she was admitted to hospital with a cute morning sickness. th
. as more do, it will create an environment for us to reach an agreement. we need the same willingness to step 4 on the left to be able to meet in this room at the table or wherever the room maybe and to come to an agreement that will lead us forward. one thing i am hoping for is if we can reach an agreement, in principle before the end of the year, then implement it, i believe this is what many have been waiting for to launch a more spirited recovery. if we get this done, if we have a credible $4 trillion deficit reduction plan signed and sealed, signed by the president, what does that say to the rest of the world? many economies in europe and other places are struggling, but ours will be the strongest in the world in terms of the future. it takes a lot of hard work but it is worth the effort. all will prosper. saturday night, my wife and i went to see a movie by spielberg. about another gentleman who lived in illinois for a while named abraham lincoln. toward the end of the movie, daniel day-lewis was sitting across from confederates and there was talk about what the war was all abou
profits out of this rescue package if the politics are able to stabilize the political environment. this also helps the financial community. >> and a quick look at the market numbers now -- the dax closed 0.5% up. euro stoxx 50 closing just slightly up. across the atlantic, the dow jones is currently going down, and the euro is trading at $ 1.2933. the world's biggest economy is bracing itself for an economic nightmare. unless u.s. lawmakers reach a budget deal in january 1, a raft of temporary tax cuts are due to expire, and spending cuts will take effect. >> that means the u.s. is charging full speed at the fiscal cliff. the dramatic fiscal tightening triggered by this press this could tip the u.s. and possibly the whole global economy into recession. here is more. >> precision craftsmanship, made in the usa the marlon still company in baltimore produces wire baskets for the automobile, defense, and medical industries. it is one of the fastest-growing companies in the u.s. the company president wants to keep it that way, but at the moment, he is holding off on further investments
by the environment minister. >> and it should clear the way for talks on a final storage site for germany's nuclear waste. politicians hope to reach across party consensus before the next elections. >> plans to exploit the potential for a permanent nuclear waste storage facility have been put on hold until after the lower saxony state elections in january. politicians hope the delay will aid the search for a storage solution all parties support. >> there will be no more exploration of the site until after the election. my goal is to discontinue the work there for good. instead, we should come up with plans for a nationwide storage facility which all the parties can agree on. >> he hopes to push through legislation before next easter that would fund an open-ended search for a new storage facility. opposition parties previously called for talks to be postponed. now they are expressing willingness to cooperate. >> we are looking for a solution, and this is the sensible thing to do rather than turning it into a political campaign issue. we also need to be wary of false information. but if the talks fai
, signs that drove him to do more to help the environment. >> giving the blessings to the people and healing that is not enough. i have to do more. the whole world is suffering from this climate crisis. >> he always carries holy water with him. he says it has stress-relieving properties, and that could be needed here. negotiators have come from all over the world. u.n. secretary general ban ki- moon is also here to push the talks forward. delegates were shown a bleak video portraying the terrible effects of climate change. few expect any breakthroughs here. instead, environmental groups put on a sarcastic performance, handing an award to the biggest contributors per-capita to climate change, new zealand, canada, and the u.s. 1 lebanese activist is one of the demonstrators. in his home country, climate protection is a side issue. conflict in the middle east and the civil war in syria take up the headlines. he wants to change that. >> if we take down a dictatorship to establish a democracy and i do not have a plan to live on, what shall i do with democracy? -- have a planet to live
, the ryan airs, who continue to take market share and operate in a more difficult economic environment much more so than the flag carriers. however starting to look at the flag carriers again, in particular lufthansa. the iberian side of it will drag earnings down for quite a long time. air france still has significant employment issues. and if you're looking for a relatively undervalued, company which is taking itself and do significant cost cutting which i think it will bring through, you have conglomerate discounted lufthansa. it makes it a more interesting stock. >> at a time when europe doesn't have a lot of demand strength, if we're talking about reducing capacity, that means higher ticket prices and perhaps germany being one place where businesses can afford to pay up. >> i think that it's an element of probably relatively small part of overall. these are global businesses. they need to have global growth. but that is an interesting point for next year. >>'s most important for global demand then? >> with airlines it's about oil prices, in terms of capacity and reduced capacity. and i
. at least we see a deterioration in either the global environment or at least we see domestic growth really fall off from here. as the rba made the point and one that we agree with is that there's still time for these rate cuts which we've had delivered to pass through to the economy itself. we know monetary policy takes between one and two years to have an effect. >> what if on the contrary we get better growth out of china and we see commodity prices go up again and now when we've already had all these rate cuts, is there a risk then to inflation for the country? >> i think there is. that was one thing that the rba pointed to in the november statement, then worried that underlying inflation had ticked up towards the middle of the 2% to 3% target. i think from here, if we do get a scenario like that where the u.s. fiscal issues are resolved, i think the statement the rb after the has given us today probably puts them in a good position to be able to move policy higher if they have to next year in response to higher inflation. >> so what happens to the aussie dollar now? >> well, as i said,
to extract the region's natural gas, while preserving its environment. i reported from there earlier this year. the banks of the white river in eastern utah are perfectly quiet, in a way it's sometimes hard to find in a world of seven billion people-- just the sounds of gently flowing water, a hint of a breeze, the occasional bird. the gorgeous vistas and rare solitude sit on public land thousands of feet above a bonanza trapped deep in the earth. from high above, it's easy to see how the gas industry has changed the landscape, with gas wells by the thousands altering the fragile desert ecosystem. utah environmentalists say the view from the air and from the canyon floor illustrate why they want these public lands protected. >> you know, what families find when they come here, what outfitters, what americans come to experience this place, it's the quiet, it's the solitude, it's that you don't have the sight and sounds of human development around you. it's a place where people can come and restore themselves. there are more cliffs on this side. and that's an area where there really ar
market a little more friendly, and mak making the business environment more friendly. i think a large part of it, and a big part of it is abandoning the austerity. at least until they're able to return to economic growth and slowly start piecing it in. >> susie: let me ask you about this, wall street has been so focused on the fiscal cliff situation, how important are these issues in europe for american investors? >> i think the issues in europe are important because they've been a pain in most investors' sides for the past couple of years. if you think about the end game in europe, which probably includes some type of fiscal integration, we realize it is going to take a long time. i believe that what you are seeing in europe is creating some volatility in the markets over the next couple of years to come. however, the last action from the european central bank was a game changer. in coming in and opening up the o.n.t n.t. program bought the sovereigns a little more time to work through their issues. i think the market is going to weigh in on investors' minds over the years to come. >
remember to put money to work. in an environment where not people put money to work and people aren't doing anything, you get an influx of retail money. you have to commit that money to your retirement and to your kids. >> interesting. >> it's a big difference. >> btig has a note on seasonality regarding the end of the year and even december '08 was positive. how resilient the month of december is. >> funny you mention that. that was such a false tell. we thought maybe things had bottomed and then just off a cliff, not fiscal but stock right after that. it's a great note. >> meantime, as we await the opening bell this morning, we'll look at the s&p 500 at the realtime exchange on the top of your screen. big board here. >> there's the bell over at the nasdaq today, sears holdings and st. jude's children's research hospital celebrating the st. jude thanks and giving campaign. lead story involves delta and talks they say to acquire from singapore some stakes in virgin atlanta. >> we'll see what happens. they have been active. the one people are more focused on is american airlines in bankruptc
then. as bill and tom pointed out, the political and media environments are much more hazard use today than they were then for all the reasons they have laid out. as bill and many others have pointed out, the sequestration sword that was hanging over the nation in 1990 was much more serious. it was three times more than three times as great as the sequestration percentage cuts that we are looking at on january 2nd. third, the initial bush budget for the fiscal year 1991, was based on quite unrealistic economic assumptions and failed to include anywhere near enough money for the savings and loan bailout, the rtc, and others all the became revealed during the spring of 1990. the economy was beginning to falter during the spring, and interest rates were rising. it's interesting to think about that a little. right now federal reserve policy basically has insulated us from one of the major consequences of fiscal irresponsibility. interest rates began to rise people in the housing industry, people selling durable consumer goods, stuff bought on credit immediately begin to -- right now we hav
to meet. they don't meet. so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call i
if you go over the cliff and given how tenuous this economic environment is right now, the message it sends to business leaders, employers, this place is not only ungovern ner rabl, it's dysfunction among dysfunction. >> freand of mine, a liberal, said if you think they are going to trust you after you my the january 1st deadline, do you think they will trust you that week? if you can't meet your own deadline, why should they make anybody else's? >> and the markets are pricing in a solution. you see it really quite clearly. >> and somebody was on -- mcmahon was wrong. there are grownups jared bernsteinç and chris, thank yo. you're watching "hardball," the place for politics. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. if you're a man with low testosterone, you should know
the cliff and given how tenuous this economic environment is right now, i mean, the message that sends to business leaders, employers, let alone the american people, is this place is not only ungovernable, it is dysfunction beyond dysfunction. >> a friend of mine, a wealthy california guy, a liberal, said, if you think they're going to trust you after you miss the january 1st deadline, they'll be no trust. they'll say, if you can't meet your own deadline, why would you meet anybody else's. >> and the markets, whether it's europe or american, are pricing in a solution. you see it really quite clearly. >> somebody was on -- mcmahon yesterday was wrong, they're not pricing a failure, they're pricing in a solution. thank you,ç chris kofinis, for that report from greece. jared bernstein, as always, thank you. >>> when we return, let me finish with the ghost of fiscal cliff yet to come. wait until you see this story. you're watching "hardball," the place for politics. in those mini-wheats® biscuits... to help keep you full... ♪ 45 bushels of wheat on the farm. 45 bushels of wheat! ♪ .
in an urban environment where spark makes a huge amount of sense. it's a great package. we'll do something here. >> one last question. we were talking about we went on. you have been in this industry for a long time. you can't remember the last time there was this much optimism in the auto industry. is it sustainable? >> obviously everything goes in cycles. we talked a little bit about that. the economy obviously here is something that's variable right now. i think the industry and i think most oems and particularly the supply base that's changed their break even points through this cycle to a place where we haven't been before. the agility of the industry and companies that are in it both supply and oem, that agility enables a huge amount of product investments and if you look at the stands at this show, the competitive products here are -- i have never seen it in the industry. it's very exciting. we can do it and make money. the industry is in a healthy point right now. >> mark joining us when you look around the show here, there's more optimism than you usually see at an auto show. comi
left, let's talk about the current environment. what are you hearing from a lot of the senior executives that are asking for your advice or if you're in a board room or chatting with them especially in terms of the fiscal cliff and concern about making big decisions or lack thereof and not putting money at it. >> the interesting part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as the level of chatter that goes around. i think the chatter is more than the concern. the fiscal cliff just happens to be a preset deal on a scale of one to ten. it's a deal that is possible as outcome. i think what the country should hope for is that we come up with a better deal. business wants the rules. i understand why business is very much do a deal. do a something. because a business then can make their plans around that. if a marginal tax rate goes up too high here, they'll put a plant somewhere else. you can make those decisions. they want to know the rules. >> know the rules of the road. >> there's an america out ther
environments, a whole host of reforms that need to be undertaken. i think the government is starting to make moves in this direction, which is good. but these reforms have been taking a long time to take hold. and we're not going to see an immediate difference. >> how much does brazil suffer if the fact that argentina is itself suffering so much? is there a lack of potential opportunity maybe in the export markets for some of its neighbors that is part of the issue? >> there's part of the issue. ironically, i think argentina suffers more from the fact that brazil has been basically flat lining the past 12 months and that's exacerbated problems in argentina's own growth model. brazil is not so particular an open economy. it only exports around 15% of gdp. so it's not a very open economy. and actually, a lot of these problems are more domestic than they are external. >> that's a fascinating point. i want to come back to you in a second. in egypt, tens of thousands have taken to the streets of cairo last night to protest against the decree by the egyptian president mohamed morsi that grants him
. they could greatly benefit first maintaining a growth friendly business environment, and they could greatly benefit from reinventing their production structure, upgrading quality, and redistricting their exports towards strongly growing markets. innovation is crucial in this respect. this means for a start that where profit margins are restored, they should serve to fund research and development to higher extent. but innovation potential is not always translated into actual marketable employment creating and growth sustaining innovation. what is key in translating potential is the regime of economic incentives. and it is indeed this system of economic incentives that the current waiver of structural reforms in the euro area is addressing. central challenge is to set conditions so that the skills of the labor force especially of our young people can be profitably employed in competitive firms or in the new enterprises that will go on to set up. in this vain, removing rigidity clearly races the potential for growth and job creation. and this of course, the resumption of growth, is fundamental
that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. the overall softness in the european market and with japan in recession, we think we'll see likely more incentives from manufacture are ers for customer the coming months because they have capacity they're not using for those other market. so they will be targeting this u.s. market and the consumer is in a pretty good mood. part of that we believe is the stabilization of home prices which is the basic net egg for most middle class americans. >> it would seem whatever's going on where you ar
'll get. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i th
environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there. >> any much those numbers we would take. i don't know whether we are or not. wishful thinking for cantor. certainly would help you guys. why didn't you like fighting irish? >> they were on tv every week when i was a child and i'd like to see alabama win. >> alabama won last year. >> that's okay. all right. thank you. see you later. >>> in fact in some of the squawk sports news this morning, dallas beating philadelphia in sunday night nfl game. 38-33. tony romo threw three touchdown passes to break troy aikman's career franchise record. and the jets beat the cardinals 7-6. new york scoring the lone touchdown after mark sanchez was benched with tim tebo
] >> grover! >> stephanie: norquist and maria commented this is a different environment than the 1990s. grover said we got four years of bad regulation, higher taxes. he wants to add more taxes to the tea party too. it will starve tea party i if obama pushes us over the cliff. [ screaming ] >> can't just wait for tea party three. >> probably about 150 billion. >> stephanie: that would be bad. okay. oh, let's see. phillip in durham disagrees with everything i say. about everything? >> ever! >> stephanie: hi, phillip. >> caller: hi, stephanie. look. appreciate the show. i think you have not been fair to the facts and let me just ask you from the -- what we're talking about -- >> stephanie: the facts are oversensitive in my opinion. >> caller: that's why you're better as a comedian than a political pundit. >> stephanie: all right. >> caller: the fact of the matter is simply this. timothy geithner proposed a budget plan that was already presented to the senate and was voted down 99-0. have you told your listeners t
mexican food. we bring a whole level of energy to the environment and we bring things that the competition don't bring. and we are -- we are providing a dining opportunity for families that they can't get anywhere else. >> one question. do you -- you get pressure on your menu in terms of this -- american diet fad that's going on? have you changed your menu over time to be -- somewhat responsive to that need? >> we are doing that kind of behind-the-scenes. tony la russaed sodium across our menu last year by 50%. it is not something we advertise. we have. we have calories on our men use in new york. and so we are prepared to take a leading role on that. and -- >> i know what i'm getting into, paul. please don't. if i come in there, i know what i want. don't give me something i don't want. >> that's the great thing about our concept is you can come into moe's and have a great healthy, even vegetarian meal -- >> that's not what i want. >> or you can get a 20-ounce home wreck their will satisfy you for the rest of the day. >> all right. >> paul, come back again and bring more samples. thanks ve
Search Results 0 to 30 of about 31 (some duplicates have been removed)